Partnership Matters. The OP Units, when issued and delivered in accordance with the terms of this Agreement for the consideration described herein, will be duly and validly issued, and free of any Liens other than any Liens arising through one or more of the Contributors. Upon such issuance, each Contributor will be admitted as a limited partner of the Operating Partnership. At all times prior to the execution of this Agreement, the Operating Partnership had no material assets, debts or liabilities of any kind.
Partnership Matters. The Series T Limited Units which will be part of the Total Consideration, when issued and delivered in accordance with the terms of this Agreement for the consideration described herein, will be duly and validly issued, and free of any Liens other than any Liens arising through the Contributor. 4.1.5
Partnership Matters. In the case of each Purchaser which is a partnership:
Partnership Matters. Borrower shall not, without the prior written consent of Administrative Agent, consent to or permit General Partner to consent to any amendment, supplement, or other modification of the Third Amended and Restated Agreement of Limited Partnership of Camden L.P. dated as of April 15, 1997, as amended, supplemented, restated or replaced from time to time, that would (i) replace General Partner as the general partner of Camden L.P. (other than with an Affiliate of Borrower), (ii) impair General Partner's ability to fully manage and control the day-to-day operations of Camden L.P., or (iii) detrimentally or otherwise materially alter General Partner's rights or benefits under such partnership agreement.
Partnership Matters. The Surviving Company shall be the general partner of the Surviving Partnership following the Partnership Merger Effective Time.
Partnership Matters. Agent (i) has been duly organized and is validly existing as a limited partnership in good standing under the laws of the State of Delaware, (ii) has full power, authority and legal right to own and operate its properties and to conduct its business as presently conducted and to execute, deliver and perform its obligations under this Agreement and any other Operative Document to which it is or is to be a party and to consummate the transactions contemplated hereby and by the other Operative Documents and (iii) to the best of its knowledge after due inquiry, is duly qualified to do business as a foreign limited partnership in good standing in each jurisdiction in which its ownership or leasing of properties or the conduct of its business or the consummation of the transactions contemplated hereby and by the other Operative Documents requires such qualification, except where the failure to so qualify would not materially impair the ability of Agent to perform its obligations hereunder or under the other Operative Documents. The sole general partner of Agent on the date hereof is PCS Nitrogen Fertilizer Operations, Inc.
Partnership Matters. The general partner of the Surviving Partnership immediately after the Partnership Merger Effective Time shall be CNL General Partner.
Partnership Matters. Borrower shall not, without the prior written consent of Administrative Agent, consent to or permit General Partner to consent to any amendment, supplement, or other modification of the Third Amended and Restated Agreement of Limited Partnership of Camden L.P. dated as of April 15, 1997, as amended, supplemented, restated or replaced from time to time, that would (i) replace General Partner as the general partner of Camden L.P. (other than with an Affiliate of Borrower), (ii) impair General Partner’s ability to fully manage and control the day-to-day operations of Camden L.P., or (iii) detrimentally or otherwise materially alter General Partner’s rights or benefits under such partnership agreement. Borrower shall not, without the prior written consent of Administrative Agent, consent to or permit Camden Summit General Partner to consent to any amendment, supplement, or other modification of the Second Amended and Restated Agreement of Limited Partnership of Camden Summit dated as of February 28, 2005, as amended, supplemented, restated or replaced from time to time, that would (i) replace Camden Summit General Partner as the general partner of Camden Summit (other than with an Affiliate of Borrower), (ii) impair Camden Summit General Partner’s ability to fully manage and control the day-to-day operation of Camden Summit, or (iii) detrimentally or otherwise materially alter Camden Summit General Partner’s rights or benefits under such partnership agreement.
Partnership Matters. All action necessary or appropriate to issue the Additional Buyer Units and to admit the Buyer as the general partner and a limited partner, as applicable, of SUSA and Holdings, as set forth on Schedule 3.22(a), in each case, effective as of the Closing, shall have been duly taken, and the Company (including in its capacity as the sole general partner of SUSA and Holdings) shall have taken (and caused its Subsidiaries to take) all action necessary or appropriate to authorize the Purchase, the Redemption, the Merger, the issuance of the Additional Buyer Units and the other transactions contemplated hereby.
Partnership Matters. 41 Section 6.6 Assumption and Release ........................................................ 42 Section 6.7 Release Approval .............................................................. 42 Section 6.8 Seller's and Buyer's Joint Covenants Regarding Taxation of Cash/Unit Purchase ....................................................................... 42
